Five Points, California, USA
August 31, 2010

S&W Seed Company (Nasdaq:SANW - News) today announced its financial results for fiscal year 2010, ended June 30, 2010.

Financial highlights when comparing 12-months ended June 30, 2010 with 12-Months ended June 30 2009:

• Revenue climbed 36% to $6,729,020 from $4,947,105
• Gross profit margin improved to 27.5% from 26.2%
• Income from operations declined 19% to $396,293 from $491,647
• Net income including non-controlling interests totaled $478,891, a 14% increase over the prior year
• Net income totaled $384,476, or $0.11 per basic and fully diluted common share, up 2% from $378,720, or $0.13 per basic and fully diluted common share

As of June 30, 2010, current assets totaled $12.9 million; working capital was $12.59 million; there was zero long term debt and stockholders' equity totaled $15.25 million.

Fiscal Year 2010 Operational Highlights:

• On May 5, 2010, S&W completed its initial public offering of 1.4 million units at an offering price of $11.00 per unit, raising gross proceeds of $15.4 million. Each unit consisted of two shares of common stock, one Class A warrant and one Class B warrant.
• On May 20, 2010, the Company completed its purchase of the final 15% stake in the general partnership previously known as S&W Seed Company. As a result, the general partnership ceased to exist, and the business and property of the partnership became wholly-owned and operated by S&W Seed Company and its subsidiary, Seed Holding, LLC.
• S&W ended the fiscal year with a strong, debt-free balance sheet, which puts the Company in an ideal position to capitalize on prevailing and future growth opportunities.
• On May 10, 2010, the Company entered into a trialing agreement with PureCircle, the world's largest producer of stevia sweeteners, to conduct stevia growing trials. Subsequent to the end of the fiscal year end, S&W and PureCircle announced that the companies had signed a sourcing agreement providing for PureCircle to purchase stevia leaf from S&W. S&W reported that it anticipates supplying PureCircle with a minimum of 1000 metric tons (2.2 million pounds) of stevia leaf over the first two years of the agreement.

Commenting on the results, Mark Grewal, Chief Executive Officer of S&W, noted, "We are pleased with our fiscal year end results and believe that we are well positioned for continued growth. The successful completion of our initial public offering empowered S&W with the necessary financial resources to execute several key strategies critical to our Company's long term success, while also materially strengthening our balance sheet. In fact, after making several key investments in multiple planned growth initiatives, our debt-free company still had over $1.35 per share in cash at the end of our fiscal year. Looking ahead, we intend to remain squarely focused on aggressively increasing global market penetration of our leading alfalfa varieties; optimizing available capacity of our modern seed cleaning and processing facility; and taking the lead on bringing large scale production of stevia leaf to the United States in collaboration with our new partner, PureCircle. Fiscal year 2011 should prove to be a pivotal year in S&W's 30-year history."

For more detailed information regarding S&W's Fiscal 2010 year end results, please refer to the related 10-K which will be filed with the U.S. Securities and Exchange Commission on or about September 16, 2010.

Website: http://www.swseedco.com/

Published: August 31, 2010